18 Oct 2000
UNION BANK OF HONG KONG LTD. v. WONG YIN
- Citation
- UNION BANK OF HONG KONG LTD. v. WONG YIN
- Court
- Court of First Instance
- Case number
- HCMP4728/1998
The court found Jing Guang defaulted on its loan (repayment due 29 April 1996) and guarantors thereby became liable; the legal charge's all-moneys clauses plainly secured the guarantor liability; accordingly the Bank was entitled to demand payment of all sums secured for redemption and Mr Wong's claim that the Bank clogged his equity of redemption was misconceived; judgment entered for the Bank for the sums claimed.